Etihad Airways skips Jet Airways bidding

PUNIT PARANJPE / AFP

Bidding on India's grounded carrier closed on Saturday evening, after a one-week extension.

Etihad Airways has passed on the opportunity to increase its stake in India's Jet Airways.

The UAE's national carrier owns a 24 per cent stake in the insolvent airline.

"The process is being managed by the resolution professional. We have no comment at this time," read a statement from Etihad.

Administrators say they received three expressions of interest - two from financial institutions and one from an international aviation player.

The bids will be evaluated and administrators will provide a list of eligible applicants by Tuesday.

More from Business

Recently Played

Latest Blogs

  • PINOY BULLETIN: JUNE 02 - 06, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: MAY 26 - 30, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.